{
  "url": "https://openlegislation.uk/valuation-electricity-order-northern-ireland-2003/article-8",
  "json_url": "https://openlegislation.uk/valuation-electricity-order-northern-ireland-2003/article-8.json",
  "legislation": "nisr/2003/77",
  "legislation_title": "Valuation (Electricity) Order (Northern Ireland) 2003",
  "legislation_url": "https://openlegislation.uk/valuation-electricity-order-northern-ireland-2003",
  "path": "article/8",
  "kind": "article",
  "number": "8",
  "heading": "Redetermination of net annual value",
  "text": "For the year ending on 31st March 2005 and for each subsequent year the net annual value of the hereditament occupied by the Company and specified in Part B of the Schedule shall be the amount determined in accordance with the formula –\n£750,000×EF where –\nE is the estimated installed transformer capacity (measured in kilovoltamperes) of all the electricity transformation plant in or on the hereditament specified in Part B of the Schedule on 31st March in the relevant preceding year; and\nF is the estimated installed transformer capacity (measured in kilovoltamperes) of all the electricity transformation plant in or on the hereditament specified in Part B of the Schedule on 31st March 2003.",
  "extent": "N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Art. 8 in operation at 1.4.2003, see art. 1"
    },
    {
      "type": "I",
      "label": "I2",
      "text": "Art. 7 in operation at 1.4.2003, see art. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisr/2003/77/article/8",
    "retrieved_at": "2026-10-29T02:04:34.628273+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}